Life and Health Valuation Actuary

Paris, France

Job Type

Full Time

About Us

Arc Vermeil is an international recruitment firm specialized in placement of executives and managers in the financial services Industry. Our agengy had been mandated on the following job

About the Role

We are looking to hire a Life and Health Valuation Actuary to join our growing team in Paris, reporting to the Head of EMELA LT Protection in Paris. The focus of this role is to take part in the management and monitoring of a large and strategic portfolio of long and short term protection products in EMELA (mainly in UK/IRL and France).


Our team is responsible for valuation under different reporting Solvency II, USGAAP/LDTI, IFRS17 of EMELA Long Term Protection and Short Term UK/IRL portfolio. The team works with several different teams such as EMELA Key accounts L&H BU, OPS, Consolidation Reserving, IT,…


Keys Skills :

  • Production of quarterly reserves on applicable bases (USGAAP, SII, VIF,…).

  • Preparation and sign-off of the Solvency II results including the shocks and Analysis of Change together with the GAAP / statutory accounting.

  • Preparation of supporting documentation (unit testing, basis checks etc.) to validate work produced to line manager & auditors.

  • Ensure the model documentation and a robust control framework.

  • Drafting of the Annual Assumption Review of base mortality and morbidity, disability termination rates, morbidity deterioration, mortality improvements, lapses and other relevant assumptions on the portfolio.

  • Provide insight into observed experience, propose base changes where relevant and quantify financial impacts.

  • Ensure data quality and participate in integration of new data in LAP (Life Administration Platform).

  • Play an active role in the model and tools migration (Axis, Osiris, …).

  • Be involved in the development of the LDTI approach and IFRS 17 approach.

  • Coordinate with other team members to facilitate the consolidation.

Requirements

Qualified Actuary with 1 to 5 years working experience in Life valuation, reserving or pricing in the reinsurance field, or related actuarial experience on protection products. Prior experience of Solvency II, US GAAP, IFRS17, valuation / reserving and financial reporting would be beneficial.

  • Knowledge of Risk Agility/AXIS and of the R/VBA/SQL coding language would be an advantage.

  • Strong IT and data management skills.

  • Reinsurance knowledge is an asset.

  • Organized, proactive and keen to be flexible around busy periods.

  • Able to set & manage priorities & to meet deadlines.

  • Strong communication skills and proficiency in English (French would be an advantage).

  • Highly motivated team player.

 
Logo Arc Vermeil Shortcut 21-12-21.jpg